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Regulatory Actions for July 1999

Legal Action - Agents, Agencies and Brokers

• Dennis L. Buckman, Omaha, NE, license revoked because of other state's action.

Legal Action - Company

The following companies forfeited $100 each for failure to respond to a complaint.

• American Chambers Life Insurance Co., Cleveland, OH.
• Clarendon National Insurance Co., Newark, NJ.
• Geico General Insurance Co., Chevy Chase, MD.
• Guaranty National Insurance Co., Englewood, CO.
• Massachusetts Mutual Life Insurance Co., Springfield, MA.
• Midland National Life Insurance Co., Sioux Falls, SD.
• Ohio Casualty Insurance Co., Hamilton, OH.
• Principal Health Care of St. Louis, Inc., Wilmington, DE.
• Prudential Insurance Co. of America, Newark, NJ.
• Royal Maccabees Life Insurance Co., Southfield, MI.
• Sagamore Insurance Co., Indianapolis, IN.

• Colonial Penn Insurance Co. and Colonial Penn Franklin Co., Norristown, PA, $800 forfeiture for failure to file statistical information timely.
• Grinnell Mutual Reinsurance Co. and Grinnell Select Insurance Co., Grinnell, IA, $7,500 forfeiture for failure to file statistical information timely.
• Nonprofits Mutual Risk Retention Group, Inc., Montpelier, VT, certificate of authority revoked because of other state's action.
• The National Financial Insurance Co., Fort Worth, TX, certificate of authority suspended because of financial impairment.

Financial Exams

• Buchanan County Mutual, St. Joseph, MO.
• Chicago Title Insurance Co., Chicago, IL.
• Cornerstone National Insurance Co., Columbia, MO.
• Farmers Mutual Fire & Lightning Ins. Co. of Howard County, Fayette, MO.
• Farmer's Mutual Ins. Co. of Linn County, Meadville, MO.
• First Excess & Reinsurance Corp., Overland Park, KS.
• First Specialty Insurance Corp., Overland Park, KS.
• Group Health Plan, St. Louis, MO.
• Providian Life & Health Insurance Co., Frazer, PA.
• Puritan Excess & Surplus Lines Ins. Co., Overland Park, KS.
• St. John's Mutual Insurance Co., Washington, MO.
• Westport Insurance Co., Overland Park, KS.

Market Conduct Exams

• First American Title Insurance Co., Santa Ana, CA, $30,450 forfeiture as a result of the following: soliciting contracts of insurance through individuals who were not licensed as title insurance agents, failing to issue its contracts of insurance in accordance with sound underwriting practices - (a) utilized a date other than the recording date for the insured transactions as the effective date of the policy; (b) agents failed to record documents which created the insured interest in real estate within three business days of closing and disbursements; (c) issued contracts of insurance in reliance upon affidavits and indemnity agreements which were incomplete, inconsistent or did not name First American as a party; and (d) including exceptions to coverage without reference to a creation document or other evidence which created the need for the exception to coverage, failing to acknowledge pertinent policy claim communications with reasonable promptness when handling claim settlements, and failing to maintain its claim files with such detail so that pertinent events and dates could be reconstructed.
• Old Republic Title Insurance Co., Minneapolis, MN, $20,675 forfeiture as a result of the following violations: failing to issue its contracts of insurance in accordance with sound underwriting practices utilizing a date other than the recording date for the insured transactions as the effective date of the policy and some agents included exceptions to coverage without reference to a creation document or other evidence which created the need for the exception to coverage; failed to acknowledge pertinent policy claim communications with reasonable promptness when handling claim settlements and failed to affirm or deny coverage of claims within a reasonable time.

Company Changes

• AMHS Insurance Co, San Diego, CA, changed its name to Premier Insurance Exchange.
• CBA Administrative, Inc., Rock Falls, IL, withdrew as a third party administrator.
• Direct Auto Insurance Co., Bloomington, IL, changed its name and merged into American Union Insurance Co.
• EBP Life Insurance Co., St. Louis, MO, changed its name to GenAm Benefits Insurance Co.
• Halcyon Insurance Co., Mayfield Village, OH, was admitted with property and liability authority.
• Health Network America, Inc., West Long Beach, NJ, was admitted as a third party administrator.
• Health Midwest Comprehensive Care Inc., Kansas City, MO, was admitted as a third party administrator.
• Hinchcliff International Group Services, Inc., Wakefield, MA, was admitted as a third party administrator.
• Liberty Bankers Life Insurance Co., Milwaukee, WI, redomesticated from Ohio to Wisconsin.
• Lindsey Morden Claims Management Inc., Tyler, TX, changed its name to Cunningham Lindsey Claims Management, Inc.
• Meyer and Associates, Chatham, NJ, was admitted as a third party administrator.
• Membership Services, Reston, VA, withdrew as a third party administrator.
• The Great Nelson Group, Inc., Kansas City, MO, was admitted as a third party administrator.
• The Victory Life Insurance Co., Kansas City, MO, was terminated due to dissolution of the company on December 31, 1998.
• Westport Management Services, Inc., Westport, CT, withdrew as a third party administrator.